Cattle market to remain in uptrend, analyst says

The short-term cash news remains positive, analyst says.

 

By Terry Roggensack, Successful Farming

Agriculture.com - 3/31/2021

 

Seems to have cash fundamentals for more up ahead.

 

With a very strong demand outlook as the beef pipeline expands and consumer spendable income hits a peak, the market looks to remain in a short-term uptrend. Traders see consumer demand indicators as being as good as they get.

 

Seasonal increases are expected in the weeks ahead, and it is enhanced this year by Covid relief checks and the strong urge for consumers to get out after a year of restrictions. Corrections due to the premium structure of futures above the cash may represent buying opportunities...

 

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https://www.agriculture.com/markets/analysis/crops/cattle-market-to-remain-in-uptrend-analyst-says